Behind the Scenes of the GHO and CBC Healthcare Merger
Global healthcare private equity firms GHO Capital and CBC Healthcare have announced a merger that will create the world’s largest dedicated healthcare PE platform. The combined entity will manage over $20 billion in assets, surpassing existing rivals. Co‑chief executives Mike Mortimer and Wei Fu said the deal links Western capital with Asian deal flow, expanding cross‑border investment opportunities. The merger positions the new firm to dominate deal sourcing across biotech, services and medical devices.
Inside Blue Owl’s Liquidity and Monetisation Playbook
Blue Owl, the fast‑growing GP‑stakes specialist, disclosed its internal liquidity playbook in documents prepared for a limited‑partner investment committee. The firm relies on a mix of secondary sales, dividend recapitalisations and structured co‑investments to turn illiquid GP‑stake holdings into cash....
Side Letter: Stress Test
The latest Side Letter briefing notes that the mid‑market private‑equity sector remains broadly resilient, though isolated stress points persist. Carlyle highlighted its robust liquidity position, emphasizing ample cash buffers and credit lines. KKR attributed a recent 15‑times return on an...
Investor Intentions: DBJ Asset Management Actively Pursues New GP Partnerships
DBJ Asset Management (DBJAM) announced it will expand its private‑equity exposure in 2026, actively courting new general‑partner (GP) relationships. The initiative is part of a broader push to diversify the firm’s portfolio and capture higher‑return opportunities in private markets. DBJAM...
M&G Spies Opportunities at Borders of Europe’s Defence Push
M&G’s private‑markets chief Emmanuel Deblanc says private equity can help Europe meet its defence ambitions by funding energy‑resilience projects, accelerating tech development and repurposing existing factories for defence production. He argues that capital‑rich investors are uniquely positioned to bridge gaps...
Investor Intentions: Kiwoom Asset Management Open to North American and Western Europe Funds
Kiwoom Asset Management, a South Korean firm, announced it will actively court institutional investors from North America and Western Europe. The manager emphasized a relatively risk‑averse stance in its private‑equity allocations, aiming to attract capital seeking lower‑volatility exposure. By broadening...
Semi-Liquids’ Valuation Conundrum
The requested article titled “Semi‑liquids’ valuation conundrum” was not provided in full, so the specific details, metrics, and commentary from Apollo CEO Marc Rowan cannot be extracted. Without the body text, a precise executive summary cannot be generated.
Side Letter: Trafalgar Revisited
The latest side‑letter briefing revisits the Trafalgar fund while highlighting three market shifts. Texas Teachers pension is expanding its co‑investment program, even at higher fee levels, to capture direct upside. European private‑equity exposure to defence has slipped, but a regulatory...
Japan’s Advantage Seeks to Double AUM in One Year
Japan’s Advantage, a private‑equity manager, announced an aggressive plan to double its assets under management (AUM) within the next twelve months. The initiative follows the sale of a 5% equity stake to Australia’s Pinnacle Investment Management in January, providing fresh...
Lessons to Be Learned From the Credit Evergreen Redemption Rush
A wave of redemption requests swept through credit evergreen funds in early 2026, exposing liquidity strains in semi‑liquid structures. The surge was driven by heightened market volatility and investors demanding quicker access to capital. Managers scrambled to meet withdrawals, prompting...
PEI’s Data Dive: Reading the Signals in Secondaries Sentiment
Private Equity International’s latest podcast episode dissects the inaugural Global Market Survey from Secondaries Investor, revealing fresh sentiment across the secondary market. The data shows a 15% year‑over‑year rise in transaction volume, driven largely by distressed‑asset opportunities. Sellers are demanding...
Better Access, Better Quality for Individual Investors, Says StepStone Group
StepStone Group announced that its Private Wealth division is extending institutional‑quality private‑market access to individual investors, particularly high‑net‑worth clients. The firm highlighted new due‑diligence tools, lower minimum commitments and a streamlined onboarding process. Executives Brett Schlemovitz and Miguel Sosa said...
Ardian on How Private Markets Can Benefit All Investors
Ardian’s senior managing director Erwan Paugam argues that private‑market investments are moving beyond traditional institutional limited partners toward a broader base of private‑wealth investors. He says the firm’s private‑wealth solutions enable smaller investors to access the same diversification and return potential...
Democratisation Is About Reopening Closed Doors, Says Simpson Thacher & Bartlett
Simpson Thacher & Bartlett’s global head of asset management, Rajib Chanda, argues that the so‑called democratization of private equity is less about opening brand‑new doors and more about re‑opening the ones that were shut after the 2008 crisis. He stresses that restoring historic access...
Ropes & Gray on Bringing Public and Private Together Through Democratisation
Ropes & Gray’s Keith MacLeod, alongside Capital Group’s Erik Vayntrub and Clara Kang, argue that hybrid fund structures are emerging as a key pathway to democratise private‑equity exposure. By blending public‑market liquidity with private‑market returns, these vehicles aim to open...